Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user
You will be redirected back to your article in seconds

JD.com Shores Up On-Demand Delivery With $800M Dada Group Investment

Thank you for joining Sourcing Journal & industry leaders at our SOURCING SUMMIT NY, as we discussed the most pressing issues of the day. View the Summit on demand through Jan. 2, and stay tuned for the upcoming Companion Report.

Chinese e-commerce giant JD.com is raising its stake in Dada Nexus Limited, investing $800 million in the on-demand delivery company’s newly issued ordinary shares to take majority ownership of the company. JD.com now owns 51 percent of all Dada Group shares. With the investment, JD.com aims to help both companies further diversify their retail services…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands